Fredun Pharma converts 60,800 warrants into 1,82,400 equity shares

Fredun Pharmaceuticals Ltd's Board of Directors, in a meeting held on October 03, 2026, allotted 1,82,400 equity shares of face value Rs. 10/- each to warrant holders. This allotment follows the conversion of 60,800 warrants, for which the warrant holders had paid the balance consideration and exercised their rights. These warrants were originally allotted on a preferential basis on December 29, 2025. The entitlement of these warrants was proportionately adjusted due to a 1:2 bonus issue by the company, leading to each warrant being exercisable into three equity shares. The newly allotted equity shares will rank pari passu with the existing equity shares.